HOGAN JOEY B 4

What Happened

• Joey B. Hogan, a director of Covenant Logistics Group, was granted 4,382 restricted stock units (RSUs) on May 13, 2026. The Form 4 reports the acquisition at $0.00 per share because this is an award (not a cash purchase); the grant represents an annual equity award with a target aggregate value of $140,000.
• The RSUs were awarded under the Third Amended and Restated 2006 Omnibus Incentive Plan and are subject to the plan’s vesting, forfeiture, and termination provisions.

Key Details

• Transaction date: May 13, 2026; Form 4 filed May 15, 2026 (within the usual two-business-day Form 4 reporting window).
• Shares granted: 4,382 RSUs; per footnote the share count equals $140,000 divided by the closing price on the date of the 2026 annual meeting. Reported acquisition price: $0.00 (award).
• Shares owned following the transaction: reported as jointly owned with his wife, Melinda J. Hogan; the Form 4 excerpt did not list a total post-transaction balance.
• Plan and restrictions: Award made under the company’s Omnibus Incentive Plan and is subject to vesting/forfeiture/termination conditions (see footnote).

Context

• This is a compensation grant (award), not an open-market purchase or sale. Such grants are routine for directors and reflect company compensation policy rather than a personal buy/sell signal.
• Vesting timing and any sale restrictions matter for when these shares could be sold; the filing notes standard vesting/forfeiture terms but does not disclose the vesting schedule.